https://www.taxtmi.com/caselaws?id=69243 Penalty for late filing was held not leviable where the assessee had acted with reasonable diligence by handing over the books of account to the chartered accountant in time, and the delay arose in the auditor's office. On those facts, the assessee's explanation constituted sufficient cause, and there was no evidence of recalcitrance or lack of bona fides. The default was therefore excused and the penalty was deleted. en-us Wed, 10 Jan 1979 00:00:00 +0530 Wed, 06 Apr 2011 09:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69243 Penalty for late filing was held not leviable where the assessee had acted with reasonable diligence by handing over the books of account to the chartered accountant in time, and the delay arose in the auditor's office. On those facts, the assessee's explanation constituted sufficient cause, and there was no evidence of recalcitrance or lack of bona fides. The default was therefore excused and the penalty was deleted. Case-Laws Income Tax Wed, 10 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69243